The adage “If you can’t pay cash, don’t buy it” has long deterred many from owning their next classics. However, for those who wish to keep their capital working for them in other investments, financing can be a savvy option. This guide is designed to help enthusiasts and collectors understand the benefits of financing European classic cars and how to begin the process.
Why Finance European Classic Cars?
European classic cars are often favored over American muscle cars for several key reasons: superior engineering performance, rich historical significance, distinctive design and aesthetics, and exclusivity. Notably, Woodside Credit finances more European classics than American, reflecting a clear preference among collectors.
#1. Porsche 911 (Air-Cooled Models: 1964-1998)
The Porsche 911, particularly its air-cooled models produced between 1964 and 1998, stands as a beacon for car enthusiasts worldwide. Celebrated by groups like the Porsche Club of America and events like Luftgekühlt, the 911 has ascended to cult status and remains the most popular vehicle financed through Woodside Credit.
Financing a Porsche 911 is a favored option for three main reasons: value retention, market demand and customization. Long story short, Porsche 911s have incredible market demand that demands high prices and can be perceived as less risky than purchasing another classic car. The availability of high-quality, diverse customizations allows owners to transform their 911 into a personalized masterpiece. Many choose to finance the car and gradually invest in modifications, enhancing both the car’s performance and its alignment with personal taste.
#2. Ferrari 308/328 (1975-1989)
Let’s start by comparing the 308 and the 328. What’s the difference? The 328 represents a mid-cycle refresh that kept the model at the top of the exotic car game back in the day. It benefited from updated interiors and a significant boost in horsepower from the V8, ultimately making 260 horsepower in the US.
The 308 provides a great entry point into the exotic world of Ferrari. Its gated manual transmission and quintessential 70s styling make it a favorite for many early collectors. Financing this vehicle can make sense for those looking to leverage the rising market. It’s becoming increasingly rare to find these cars. According to Classic.com, the Ferrari 328 GTS appears to have the highest growth and most sales of all trims and years. It’s important to choose the model wisely to maximize your investment.
This vehicle continues to draw significant enthusiast interest. Finance with only 10-20% down with Woodside Credit and put low payments to work for you.
#3. Jaguar E-Type (1961-1975)
Most enthusiasts recognize the Jaguar E-Type as one of the most beautiful vehicles of all time. Its sleek aerodynamic design, engineering, and innovative styling make it a trophy for today’s buyers. From 1961 to 1975, the E-Type went through three generations, from Series 1 to Series 3. Each generation has its advantages, but Series 1 remains the most popular and commands the highest prices today.
The Jaguar E-Type community is vibrant, as is the broader classic car community. Financing can help you join the classic car community sooner and enjoy groups like the Jaguar E-Type Club.
Current market trends show stability. Auction data over the past five years shows an average vehicle sale price that has decreased ever so slightly to $122K for Series 1. This reflects the overall collector car market. While we shouldn’t speculate on future prices, there’s no denying its enthusiast and mainstream appeal, the Jaguar brand, and iconic looks that could drive these vehicles’ values upward in the future.
Woodside Credit finances any Jaguar over 25 years old with a purchase price of $20,000 and above.
#4. Mercedes-Benz 300SL Gullwing/Roadster (1954-1963)
The 300SL Gullwing and Roadster are absolutely iconic vehicles from roughly the same era as the E-Type. While it competes with the E-Type in terms of beauty, the 300SL has become more of a collector’s item due to engineering innovation—those gullwing doors are indeed remarkable. The doors also had a very practical reason for their inclusion. The vehicle utilized a lightweight tubular space frame chassis that offered high strength and rigidity. However, it included high sills for added stability, which made traditional doors impractical, and the gullwing doors allowed for easier access.
These vehicles can cost well into the millions today, with the most expensive vehicle sale of all time being the related 300 SLR at $142MM. The large dollar value means tying up a lot of cash, which is why financing a portion of the vehicle could make sense for many collectors. This model has even increased in most cases over the past five years—unusual.
#5. Alfa Romeo 8C (1931-1939, 2007-2010)
The Alfa Romeo 8C has seen two vastly different incarnations, from its original 1930s model to its revival in the 2000s. Each version brings its own unique allure to the automotive world.
- 2007-2010 ‘Competizione’ Model: The modern iteration of the Alfa Romeo 8C, produced between 2007 and 2010, showcases a stunning Alfa design coupled with a loud, throaty engine—a 4.7-liter V8 sourced from Ferrari. Built on a standalone chassis with a carbon fiber body, this model combines lightweight strength with superior performance, making it a true gem to drive. Its compact dimensions enhance its performance capabilities, supported by an impressive suspension system and a driver-centric interior that prioritizes ergonomics and comfort. With only 1,000 units produced, the exclusivity of this car makes finding one a challenge, often leading to quiet private sales or high bids at auctions.
- 1930s Version: In contrast, the 1930s version of the 8C was initially developed as a racing car, with 188 units eventually made for road use. Even more exclusive than its later counterpart, these vintage models are highly sought after and can fetch millions in the collector’s market. The rarity and historical significance of the 1930s 8C continue to command top dollar, making them prized possessions in the classic car world.
The market for both versions of the Alfa Romeo 8C is robust, with values steadily growing. These cars may not be mainstream, but they attract true enthusiasts who appreciate the unique characteristics and historical significance of Alfa Romeo. For potential buyers, financing can be a sensible option, allowing them to preserve capital while owning a piece of automotive history.
#6. BMW M3 E30 (1986-1991)
The BMW E30 M3 is a hallmark of engineering brilliance that was originally tailored for the racetrack but made a seamless transition to the urban landscape. Its four-cylinder, 192 hp engine is celebrated for its high-revving nature, providing an exhilarating drive that still resonates with car enthusiasts today. The E30 M3’s blend of everyday usability with sports car performance embodies the true spirit of a performance sedan.
Financing an E30 M3 not only puts you in the driver’s seat of this legendary car but also is a strategic move as the appreciation of this model shows no signs of slowing down. Its rising value is supported by a robust enthusiast community and a strong presence in vintage racing events, making it both a joy to own and a wise investment.
#7. Lamborghini Countach (1974-1990)
The Lamborghini Countach revolutionized the concept of supercars with its bold, angular design and pioneering technical attributes. Each element of the Countach, from its mid-engine layout to the scissor doors, was a breakthrough that set the benchmarks for future supercars. This model not only looks like it was forged from the future, with its straight lines and sharp edges, but also drives with ferocious power, thanks to its V12 engine that roars to life on the open road.
Financing a Countach is more than an investment in a classic car; it’s an investment in a piece of revolutionary automotive history. As these vehicles become rarer, their mystique and value continue to grow, attracting collectors and enthusiasts alike who want to own a pivotal piece of Lamborghini’s storied legacy.
#8. Alfa Romeo Spider (1966-1994)
The Alfa Romeo Spider is the epitome of Italian automotive romance, offering a driving experience that’s hard to match with its responsive steering and classic roadster layout. Known for its longevity in production, the Spider saw several updates over its nearly three-decade lifespan, continuously improving while maintaining the original charm that made it famous.
With its iconic silhouette featured in countless films and media, the Spider holds a special place in both pop culture and the hearts of car enthusiasts. Financing an Alfa Romeo Spider means not only embracing its storied past but also enjoying the open-air exhilaration that comes with owning such an expressive and dynamic vehicle.
#9. Maserati Ghibli (AM115) (1967–1973)
The Maserati Ghibli AM115 was designed to epitomize comfort and speed, blending a luxurious interior with a potent V8 engine that makes it a standout grand tourer of its era. The Ghibli’s aggressive styling, characterized by its long hood and low stance, encapsulates the essence of Italian craftsmanship and performance, making it a head-turner on both the highway and at car shows.
Today, the Ghibli continues to be a symbol of sophistication and power. Financing this model is an excellent way for aficionados to enter the realm of classic Italian sports cars, offering a blend of aesthetic beauty and robust performance that is rare in today’s market.
#10. Rolls-Royce Silver Shadow (1965-1980)
The Rolls-Royce Silver Shadow introduced many firsts for the luxury car manufacturer, including a unitary chassis and body construction, and an advanced self-leveling suspension system, which enhanced the car’s legendary ride quality. This model was designed to be driven by its owner, a shift from the chauffeur-driven Rolls-Royces of the past, reflecting a more hands-on luxury experience.
The Silver Shadow’s classic design and unmatched comfort make it a coveted model for collectors who appreciate luxury and history. Financing a Silver Shadow allows enthusiasts to experience the pinnacle of automotive luxury and craftsmanship, preserving a piece of motoring heritage that continues to signify status and sophistication.
Ready to finance your European classic?
Embracing the opportunity to finance a classic European car can open the door to owning a piece of automotive art that may not only bring personal joy but can also serve as a potential investment. Each of these models embodies a unique blend of history, performance, and style that continues to resonate with car enthusiasts around the world.
